Can I retire at age 60 with 927,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$76,551$75,869$75,204$74,554$73,920$71,468
2 years$37,896$37,191$36,507$35,843$35,200$32,754
3 years$25,013$24,304$23,622$22,965$22,332$19,968
4 years$18,573$17,866$17,191$16,545$15,928$13,664
5 years$14,710$14,007$13,341$12,708$12,108$9,950
6 years$12,135$11,438$10,781$10,163$9,581$7,531
7 years$10,297$9,606$8,959$8,355$7,792$5,850
8 years$8,919$8,234$7,598$7,009$6,464$4,629
9 years$7,848$7,169$6,544$5,970$5,444$3,713
10 years$6,991$6,319$5,706$5,146$4,638$3,009
11 years$6,291$5,626$5,023$4,479$3,989$2,458
12 years$5,708$5,049$4,458$3,929$3,457$2,021
13 years$5,215$4,563$3,983$3,468$3,014$1,670
14 years$4,792$4,148$3,579$3,079$2,642$1,385
15 years$4,427$3,789$3,231$2,746$2,327$1,153
16 years$4,107$3,476$2,929$2,459$2,056$962
17 years$3,825$3,202$2,666$2,209$1,823$805
18 years$3,575$2,958$2,433$1,991$1,621$675
19 years$3,352$2,742$2,228$1,799$1,445$566
20 years$3,151$2,548$2,044$1,629$1,291$476
21 years$2,969$2,373$1,880$1,479$1,155$400
22 years$2,804$2,215$1,733$1,344$1,035$337
23 years$2,654$2,072$1,600$1,224$929$284
24 years$2,516$1,941$1,480$1,117$835$239
25 years$2,390$1,822$1,371$1,020$752$202
26 years$2,273$1,712$1,271$932$677$171
27 years$2,166$1,611$1,180$854$610$144
28 years$2,066$1,518$1,097$782$551$122
29 years$1,973$1,432$1,021$717$497$103
30 years$1,887$1,353$951$658$449$87
31 years$1,806$1,279$887$604$406$73
32 years$1,731$1,210$827$555$368$62
33 years$1,660$1,146$773$511$333$52
34 years$1,594$1,086$722$470$301$44
35 years$1,531$1,030$675$433$273$37
36 years$1,472$978$631$398$247$32
37 years$1,417$929$591$367$224$27
38 years$1,364$883$553$338$203$23
39 years$1,314$839$518$312$184$19
40 years$1,267$798$486$288$167$16
41 years$1,223$760$456$266$152$14
42 years$1,180$724$427$245$137$12
43 years$1,140$690$401$226$125$10
44 years$1,101$657$376$209$113$8
45 years$1,065$627$353$193$103$7
46 years$1,030$598$332$178$93$6
47 years$997$571$312$165$85$5
48 years$965$545$293$152$77$4
49 years$934$520$276$141$70$4
50 years$905$497$259$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $927,000, adding $6,794 every year, while hoping to spend $43,244 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 69/13/18 Blend
59$927,000$927,000$927,000$927,000
60$1,028,562$979,431$965,063$1,094,613
61$1,087,464$981,412$951,381$1,141,515
62$1,150,925$982,040$935,791$1,187,075
63$1,219,363$981,205$918,185$1,235,849
64$1,293,241$978,786$898,446$1,288,150
65$1,373,063$974,658$876,456$1,344,323
66$1,459,386$968,687$852,088$1,404,749
67$1,552,822$960,731$825,211$1,469,851
68$1,654,042$950,639$795,688$1,540,093
69$1,763,786$938,253$763,376$1,615,989
70$1,882,867$923,401$728,123$1,698,106
71$2,012,177$905,906$689,773$1,787,070
72$2,152,701$885,577$648,162$1,883,572
73$2,305,520$862,214$603,119$1,988,376
74$2,471,824$835,603$554,464$2,102,323
75$2,652,921$805,519$502,010$2,226,345
76$2,850,253$771,723$445,561$2,361,468
77$3,065,405$733,964$384,914$2,508,824
78$3,300,121$691,973$319,854$2,669,666
79$3,556,324$645,470$250,159$2,845,373
80$3,836,126$594,155$175,596$3,037,470
81$4,141,855$537,713$95,923$3,247,638
82$4,476,073$475,810$10,886$3,477,733
83$4,841,602$408,094$0$3,729,803
84$5,241,547$334,193$0$4,021,447
85$5,679,329$253,712$0$4,343,047
86$6,158,714$166,237$0$4,695,317
87$6,683,849$71,329$0$5,081,352
88$7,259,302$0$0$5,504,560
89$7,890,102$0$0$5,973,202
90$8,581,790$0$0$6,498,320
91$9,340,467$0$0$7,074,349
92$10,172,855$0$0$7,706,399
93$11,086,355$0$0$8,400,098
94$12,089,122$0$0$9,161,646
95$13,190,138$0$0$9,997,870
96$14,399,298$0$0$10,916,294
97$15,727,500$0$0$11,925,204
98$17,186,753$0$0$13,033,730
99$18,790,283$0$0$14,251,928
100$20,552,663$0$0$15,590,878